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The &#3980s Language that Disappeared: Portion of a Sovereign Financial debt Mystery

by admin on November 15, 2012

Sovereign Default

The &#3980s Language that Disappeared: Portion of a Sovereign Debt Mystery
sovereign default
The pari passu (“equal footing”) language was devised specifically to conquer that default rule, and give the later lenders equal standing. Skipping ahead: As business lenders entered the world of unsecured sovereign debts in a massive way in the 1960s …

What Constitutes A Sovereign Default For Common & Poor’s?

What Constitutes A Sovereign Default For Standard & Poor's?

In this CreditMatters Tv segment, Normal & Poor’s Criteria Officer Alexandra Dimitrijevic discusses the characteristics that could constitute a sovereign default for Standard & Poor’s, following the recent public interest to Greece’s debt reprofiling. Aside from missing a financial debt payment, Common & Poor’s could also think about some ‘distressed’ exchange offers or related financial debt restructuring as equivalent to a default, if they meet specified traits.
sovereign default Video Score: five / five

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